Adviser feedback shapes latest TAL ethics courses
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their continuing professional development (CPD) requirements, including interpreting Financial Services and Credit Panel (FSCP) decisions.
An Ethics Month in May will have a series of weekly live webinars focused on practical, real-life case studies to help advisers understand how they can align their practices with the latest ethical standards.
Ethics Month was created by the organisation in 2023 to support advisers in developing their critical thinking, decision-making, and communication skills.
The format and content of this year’s program have been shaped by adviser feedback and include real-world scenarios.
These will include resolving ethical dilemmas, interpreting provisions and determinations by the FSCP, balancing best interest obligations, and applying long-term thinking under Standard 6 of the Code of Ethics.
Week 1 – Ethical Dilemmas: Embracing Imperfection
Week 2 – FSCP Provisions and Determinations
Week 3 – Navigating Best Interest and Appropriateness
Week 4 – Standard 6: Guide Me Over the Long Term
Advisers can earn up to four CPD hours in professionalism and ethics from the webinars, which will be held every Wednesday in May from 11am to 12pm AEST.
Gavin Teichner, chief executive for individual life at TAL, said: “As we mark 10 years of TAL Risk Academy and the return of Ethics Month, we recognise the crucial role advisers play in helping Australians secure their financial futures. Our focus is on supporting these advisers by providing the training, tools, and resources they need to succeed and grow the industry.
“We believe that strengthening the profession starts with empowering advisers to offer the best and most responsible advice to their clients. We will continue to be part of their journey and remain dedicated to fostering a future where quality advice continues to make a positive difference to the lives of more Australians.”
Advisers previously shared that it is difficult to obtain the required CPD hours in this skill set as there is a limited pool of content available. The nine hours of ethics requirement compares to five hours required in each of technical competence, client care and practice, and regulatory compliance and consumer protection.
AUTHOR
Laura Dew
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
